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Malaysia Names Zeti’s Deputy as New Central Bank Governor

  • Markets pared losses after Najib names Muhammad as new chief
  • Governor Zeti has been seen as stable figure for Malaysia
Updated on

Malaysia named central bank Deputy Governor Muhammad Ibrahim as successor to Governor Zeti Akhtar Aziz when she steps down at the end of the month after 16 years at the helm. The ringgit gained and stocks pared losses.

Muhammad has been appointed for a five-year term that starts May 1, Prime Minister Najib Razak said in a statement on Wednesday.